The market research report titled Maize (Corn) Products in India (Starch, Glucose, Dextrose, Sorbitol) Trends, Opportunities, Market Analysis and Forecasts (Upto 2017)’ released by Niir Project Consultancy Services, provides a comprehensive analysis on Indian maize products industry. Starch, Glucose, Dextrose and Sorbitol are maize products covered in this report. The report starts with a brief on the global scenario of maize and then proceeds to analyze the Indian scenario. The report provides an overview on Maize as a crop giving information about its soil suitability, sowing seasons and the types of maize that are produced in the nation. Maize is one of the oldest cultivated crops in the world. It is also one of the most important cereal crops globally and in India it is the third most important crop after rice and wheat. The suitability of maize to diverse environments is unmatched by any other crop and even every part of the maize plant has economic value: the grain, leaves, stalk, tassel, and cob can all be used to produce a large variety of food and non-food products. As it has yield potential far higher than any other cereal, it is sometimes referred to as the miracle crop or the ‘Queen of Cereals’.
It further explains the ways by which maize can be processed and the byproducts after such processes. Maize can be processed by two ways: Dry Milling and Wet Milling. Dry milling of maize produces corn meal, grits, germ and animal feed and wet milling produces starch, gluten and husk. These byproducts of maize processing are used in industries like paper, textiles, pharmaceutical and food & confectionary. Half of the maize in India is consumed as poultry feed, ~1/5 for human consumption and the rest is consumed for starch production, as cattle feed and in breweries.
The report provides detailed analysis of the industry by covering areas like growth drivers, trends in the industry as well as the SWOT analysis of the industry. Growth in the consumption of maize products will be majorly driven by the starch segment. Starch industry is often termed as sunrise sector of the nation apparently because of its widespread applicability across various industries. Maize starch in India is used relentlessly in paper, textile, pharma and food industry. The growth in these consumer industries will evidently be felt in the starch sector also. The report elucidates important numbers and forecasts of the consumer industries for better understanding. Also rising demand from the poultry sector will drive the volumes for maize products.
One of the trends that have been experienced in the industry is the innovative use of corn starch. Applications of corn starch are not just limited to the industries mentioned above; it has found its relevance in products like bags and car parts. Usage of corn starch bags is rising in India on the back of it being bio-degradable and hence environment friendly. They can also handle more weight and have longer shelf life. Corn starch is also being used in manufacturing of car parts to enhance the car safety aspects. Other trends are emergence of corn oil as an edible oil and also production of ethanol from corn.
The report enhances your understanding of the market by giving detailed SWOT analysis. The industry’s biggest strength is the ready available market for its products. Growing population of India coupled with unavoidable usage of maize products in various industries keeps demand high. Abundant availability of its key raw material i.e. Maize in the country is an added advantage for the industry. Area under maize has grown at a CAGR of 2% during 2007-12 whereas production has grown at a CAGR of ~7.5% during the same period. Indian production of maize in 2013-14 could reach 25 million tonnes owing to adequate monsoon which may trigger higher acreage across growing states. India’s per capita consumption of starch is also very low when compared to developed economies like US and China. India with its huge population base and low consumption levels offers a massive opportunity for the starch companies to capture. And since most of the starch in India is produced by maize, maize processing companies have sufficient pie of the market to capture. Growing urbanization, changing consumer preferences and rising disposable incomes are another bunch of opportunities for the incumbents. The industry however is faced with challenges like growing competition in the sector and raw material fluctuations. The industry’s raw material being agricultural in nature is subject to price fluctuations as well as production uncertainty. The report provides an overview on the technical side of the industry by elucidating the list of machinery required for maize processing plant.
The report further provides you with scrutiny of demand supply scenario in the industry along with the market forecasts. The demand for processed maize products can be established by the growth in the maize consumption. Maize has varied applications and is consumed by several industries which process it and produce its byproducts. India’s consumption of maize has been rising at a CAGR of ~6% during 2006-07 to 2011-12 and we anticipate this consumption rate to continue in the near future and maize consumption will rise to 25.2 million tonnes by 2016-17E. The report also includes sales data of starch, glucose, dextrose and sorbitol by selected producers. The report presents the supply side with help of upcoming projects of the present players. It also offers total starch production numbers along with production numbers of starch, dextrose, glucose and sorbitol by some major players.
The report also provides key player profiles along with key financials and comparison. The report covers companies like Anil Ltd, Sukhjit Starch & Chemicals Ltd, Tirupati Starch & Chemicals Ltd and Gujarat Ambuja Exports Ltd in detail. The report shares vital information like shareholding pattern, revenue mix, plant location and financial summary of the aforesaid companies. The next segment provides complete financial comparison of maize processing companies as well as feed companies.
Various changes in the Indian spending patterns as well as consumption boom in the nation have given maize products increased applicability and hence the demand for maize products is ascending. Maize processing in India is fragmented and quite unorganized which limits us to capture the exact size of the industry. Industry in the past has grown at a healthy rate and we estimate it to continue its ride at the same velocity. We anticipate the maize consumption to rise to 25.2 million tonnes by 2016-17E.
Reasons for Buying this Report:

• This research report helps you get a detail picture of the industry by providing overview of the industry along with the market structure and classification
• The report provides market analysis covering major growth driving factors for the industry and latest market trends in the industry
• This report helps to understand the present status of the industry by elucidating a comprehensive SWOT analysis and scrutiny of the demand supply situation
• Report provides analysis and in-depth financial comparison of major players/competitors
• The report provides forecasts of key parameters which helps to anticipate the industry performance
Our Approach:
• Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years.
• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players
• We use reliable sources of information and databases. And information from such sources is processed by us and included in the report

Sample Chapters

Maize
(Botanical name: Zea Mays L) is
one of the oldest cultivated crops in the world. It is also one of the
most
important cereal crops globally and in India it is the third most
important
crop after rice and wheat. Maize,
also
known as corn, is a versatile crop grown over a range of agro climatic
zones.
In fact the suitability of maize to diverse environments is unmatched
by any
other crop and even every part of the maize plant has economic value:
the
grain, leaves, stalk, tassel, and cob can all be used to produce a
large
variety of food and non-food products. As it has yield potential far
higher
than any other cereal, it is sometimes referred to as the miracle crop
or the
‘Queen of Cereals’.

Maize is processed to different
products which serve
industries like Paper, Textile, Pharmaceutical, Poultry and Food
&
Confectionary.

Trends:

·
Emergence
of Corn oil

·
Corn
to Ethanol

·
Innovation
uses of corn starch

The growth in the consumer industries
on the back of low
consumption, higher disposable incomes and evolving consumer tastes
will
trickle down to the maize processing industry. Various changes in the
Indian
spending patterns as well as consumption boom in the nation have given
maize
products increased applicability and hence the demand for maize
products is
ascending. Maize
processing in India is
fragmented and quite unorganized which limits us to capture the exact
size of
the industry. Industry
in the past has
grown at a healthy rate and we estimate it to continue its ride at the
same
velocity. We anticipate the maize consumption to rise to 25.2 million
tonnes by
2016-17E.

1.
OVERVIEW

Maize
(Botanical name: Zea Mays L) is
one of the oldest cultivated crops in the world. It is also one of the
most
important cereal crops globally and in India it is the third most
important
crop after rice and wheat.

Maize,
also known as corn, is a
versatile crop grown over a range of agro climatic zones. In fact the
suitability
of maize to diverse environments is unmatched by any other crop and
even every
part of the maize plant has economic value: the grain, leaves, stalk,
tassel,
and cob can all be used to produce a large variety of food and non-food
products. As it has yield potential far higher than any other cereal,
it is
sometimes referred to as the miracle crop or the ‘Queen of Cereals’.

The
Global Scenario

In
2011-12,
world maize production stood at 854 million tonnes. US dominates the
world
production of maize with nearly 37% of the total production, followed
by China
at ~21%. World maize production was estimated to be 950 million tons
for
2012-2013, an increase of ~11% from 2011-2012. The chart below
demonstrates the
share of top maize producing countries in world maize production.

Figure 1
Top Maize producing countries in the world

Source: Industry
Data

The Indian Scenario

Maize in
India
is an important cereal, and both the area under cultivation and
production
levels have steadily increased during the past two decades. In India,
it is
mainly used for poultry feed.

Maize can
be
grown
successfully in variety
of soils ranging
from loamy sand
to clay loam. However, soils with
good organic matter
content having high water holding capacity with neutral pH are
considered good
for higher productivity. Being a
sensitive crop to
moisture stress
particularly excess
soil moisture and
salinity stresses; it
is desirable to
avoid low lying
fields having poor drainage
and also the
field having higher
salinity. Therefore,
the fields
having provision of proper drainage should be selected for cultivation
of
maize.

Time of sowing

Maize can
be grown in
all seasons viz;
Kharif (monsoon), post
monsoon, Rabi (winter)
and spring. During Rabi
and spring seasons
to achieve higher
yield at
farmer’s
field, assured
irrigation facilities
are required. During
Kharif
season it
is desirable to
complete the sowing
operation 12-15
days before the
onset of monsoon. However, in
rainfed areas, the sowing time should be coincided with onset of
monsoon.

Uses of Maize in India

Maize
has varied uses in India, varying from feed to industrial products. The
crop is
primarily, more than 50%, used for poultry feed, nearly one-fifth used
for
human consumption (Food) and the rest is used in breweries as well as
for
industrial products. It is used as a basic raw material for the
production of
starch, oil and protein, alcoholic beverages, food sweeteners and, more
recently, fuel. The chart below demonstrates the consumption pattern of
corn in
India.

Figure 2
Consumption pattern of maize in India

Source:
Directorate of Maize
Research

Maize
which
is not used for feed or human consumption is processed to obtain its
by-products which acts as a raw material for different industries. Of
lately
maize processing has gathered momentum in India and is gaining
importance in
the associated industries. The most common industrial by product of
maize is
starch or corn starch or corn flour.

1.1
MAIZE
PROCESSING METHODS & BY PRODUCTS

Maize
can be processed in two ways- dry
milling and wet milling.

Dry
Milling

In dry corn milling, the corn or
Maize is tempered and
cleaned with hot water and steamed for about 2-6 hours to soften the
bran and
the germ so that it becomes easier for them to be separated from the
endosperm.
The coarse, granular material is sifted using a sifter machine and then
the
miller extracts the oil and the corn flour from the kernel.

Wet
Milling

The process begins with the corn
kernels being soaked in
large tanks called steep tanks in a dilute aqueous sulfur dioxide
solution. The
softened kernel is then processed to remove the germ which is further
processed
to remove the high-value corn oil. The Germ Meal remaining after the
oil is
extracted and marketed for animal feed use.

Following germ removal, the remaining
kernel components are
screened to remove the fiber. The fiber is combined with the
evaporated,
concentrated and dried steep liquor and other co-product streams to
produce
Corn Gluten Feed. The starch and gluten protein subsequently pass
through the
screens and the starch-gluten slurry is sent to centrifugal separators
where
the lighter gluten protein and the heavier starch are separated. The
gluten
protein is then concentrated and dried to produce Corn Gluten Meal, a
60%
protein feed.

Some of the starch is then washed and
dried or modified and
dried. These starch products are marketed to the food, paper, and
textile
industries. The remaining starch can be processed into products such as
sweeteners or ethanol. While the wet milling process is capital
intensive with
higher operating costs, the ability to produce a variety of products
can be
valuable in dealing with volatile markets. The wet milling process
results in
slightly lower ethanol yields than a traditional dry milling process
since some
of the fermentable starch exits the process attached to the saleable
co-products.

EXECUTIVE SUMMARY
Maize (Botanical name: Zea Mays L) is one of the oldest cultivated
crops in the world. It is also one of the most important cereal crops
globally and in India it is the third most important crop after rice
and wheat. Maize, also known as corn, is a versatile crop
grown over a range of agro climatic zones. In fact the suitability of
maize to diverse environments is unmatched by any other crop and even
every part of the maize plant has economic value: the grain, leaves,
stalk, tassel, and cob can all be used to produce a large variety of
food and non-food products. As it has yield potential far higher than
any other cereal, it is sometimes referred to as the miracle crop or
the ‘Queen of Cereals’.
Maize is processed to different products which serve industries like
Paper, Textile, Pharmaceutical, Poultry and Food &
Confectionary.
Trends:
• Emergence of Corn oil
• Corn to Ethanol
• Innovation uses of corn starch
The growth in the consumer industries on the back of low consumption,
higher disposable incomes and evolving consumer tastes will trickle
down to the maize processing industry. Various changes in the Indian
spending patterns as well as consumption boom in the nation have given
maize products increased applicability and hence the demand for maize
products is ascending. Maize processing in India is
fragmented and quite unorganized which limits us to capture the exact
size of the industry. Industry in the past has
grown at a healthy rate and we estimate it to continue its ride at the
same velocity. We anticipate the maize consumption to rise to 25.2
million tonnes by 2016-17E.
1. OVERVIEW
Maize (Botanical name: Zea Mays L) is one of the oldest cultivated
crops in the world. It is also one of the most important cereal crops
globally and in India it is the third most important crop after rice
and wheat.
Maize, also known as corn, is a versatile crop grown over a range of
agro climatic zones. In fact the suitability of maize to diverse
environments is unmatched by any other crop and even every part of the
maize plant has economic value: the grain, leaves, stalk, tassel, and
cob can all be used to produce a large variety of food and non-food
products. As it has yield potential far higher than any other cereal,
it is sometimes referred to as the miracle crop or the ‘Queen of
Cereals’.
The Global Scenario
In 2011-12, world maize production stood at 854 million tonnes. US
dominates the world production of maize with nearly 37% of the total
production, followed by China at ~21%. World maize production was
estimated to be 950 million tons for 2012-2013, an increase of ~11%
from 2011-2012. The chart below demonstrates the share of top maize
producing countries in world maize production.
Figure 1 Top Maize producing countries in the world
Source: Industry Data
The Indian Scenario
Maize in India is an important cereal, and both the area under
cultivation and production levels have steadily increased during the
past two decades. In India, it is mainly used for poultry feed.
In India, the major maize producing areas are Andhra Pradesh, Arunachal
Pradesh, Assam, Bihar, Gujarat, Himachal Pradesh, Jammu &
Kashmir, Karnataka, Madhya Pradesh Maharashtra, Manipur, Meghalaya,
Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu,
Tripura, Uttar Pradesh and West Bengal.
Soils
Maize can be grown
successfully in variety of
soils ranging from loamy
sand to clay loam. However, soils with
good organic matter content having high water holding capacity with
neutral pH are considered good for higher productivity.
Being a sensitive crop
to moisture stress particularly
excess soil moisture and
salinity stresses; it is
desirable to avoid low
lying fields having poor
drainage and also the
field having higher salinity.
Therefore, the fields having provision of proper drainage should be
selected for cultivation of maize.
Time of sowing
Maize can be grown in
all seasons viz; Kharif
(monsoon), post monsoon, Rabi
(winter) and spring. During
Rabi and spring seasons
to achieve higher yield
at farmer’s field, assured
irrigation facilities are
required. During
Kharif season it
is desirable to complete
the sowing operation 12-15 days
before the onset of monsoon. However, in rainfed areas, the sowing time
should be coincided with onset of monsoon.
Uses of Maize in India
Maize has varied uses in India, varying from feed to industrial
products. The crop is primarily, more than 50%, used for poultry feed,
nearly one-fifth used for human consumption (Food) and the rest is used
in breweries as well as for industrial products. It is used as a basic
raw material for the production of starch, oil and protein, alcoholic
beverages, food sweeteners and, more recently, fuel. The chart below
demonstrates the consumption pattern of corn in India.
Figure 2 Consumption pattern of maize in India
Source: Directorate of Maize Research
Maize which is not used for feed or human consumption is processed to
obtain its by-products which acts as a raw material for different
industries. Of lately maize processing has gathered momentum in India
and is gaining importance in the associated industries. The most common
industrial by product of maize is starch or corn starch or corn flour.
1.1 MAIZE PROCESSING METHODS & BY
PRODUCTS
Maize can be processed in two ways- dry milling and wet milling.
Dry Milling
In dry corn milling, the corn or Maize is tempered and cleaned with hot
water and steamed for about 2-6 hours to soften the bran and the germ
so that it becomes easier for them to be separated from the endosperm.
The coarse, granular material is sifted using a sifter machine and then
the miller extracts the oil and the corn flour from the kernel.
Wet Milling
The process begins with the corn kernels being soaked in large tanks
called steep tanks in a dilute aqueous sulfur dioxide solution. The
softened kernel is then processed to remove the germ which is further
processed to remove the high-value corn oil. The Germ Meal remaining
after the oil is extracted and marketed for animal feed use.
Following germ removal, the remaining kernel components are screened to
remove the fiber. The fiber is combined with the evaporated,
concentrated and dried steep liquor and other co-product streams to
produce Corn Gluten Feed. The starch and gluten protein subsequently
pass through the screens and the starch-gluten slurry is sent to
centrifugal separators where the lighter gluten protein and the heavier
starch are separated. The gluten protein is then concentrated and dried
to produce Corn Gluten Meal, a 60% protein feed.
Some of the starch is then washed and dried or modified and dried.
These starch products are marketed to the food, paper, and textile
industries. The remaining starch can be processed into products such as
sweeteners or ethanol. While the wet milling process is capital
intensive with higher operating costs, the ability to produce a variety
of products can be valuable in dealing with volatile markets. The wet
milling process results in slightly lower ethanol yields than a
traditional dry milling process since some of the fermentable starch
exits the process attached to the saleable co-products.

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